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Do You Know The REAL Reason Why Toyota Supports The Big Bailout? |
Detroit's Big Three aren't the only automotive companies that want to see the government step in with some much-needed financial help. Overseas automakers, most notably Toyota Motor, all endorse some form of federal aid to keep General Motors Chrysler LLC and possibly Ford Motor out of bankruptcy.
This may seem surprising at first, especially considering that much of the opposition to the auto bailout was from senators from Southern states that are home to auto plants operated by Asian auto companies, such as Alabama and South Carolina. But the Asian automakers insist they never lobbied against such help for the Big Three.
And this makes sense after taking a closer look at the dynamics of the auto industry and the intertwined fates of its companies.
[source]
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